Order Execution Obligations

SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 240

[Release No. 34-36718; File No. S7-30-95]

RIN 3235-AG66

Order Execution Obligations

AGENCY: Securities and Exchange Commission.

ACTION: Extension of the comment period.

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SUMMARY: The Securities and Exchange Commission (``Commission'') is

extending from January 16, 1996, until January 26, 1996, the comment

period for Securities Exchange Act Release No. 36310 (September 29,

1995), 60 FR 52792 (October 10, 1995). In the release, the Commission

proposed two rules and amendments to a rule in order to improve the

handling and execution of customer orders.

DATES: Comments on the release should be submitted on or before January

26, 1996.

ADDRESSES: Comments should be submitted in triplicate to Jonathan G.

Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street,

N.W., Washington, D.C. 20549, and should refer to File No. S7-30-95.

All submissions will be made available for public inspection and

copying at the Commission's Public Reference Room, Room 1024, 450 Fifth

Street, N.W., Washington, D.C. 20549.

FOR FURTHER INFORMATION CONTACT: David Oestreicher, Attorney, (202)

942-0173, Division of Market Regulation, Securities and Exchange

Commission, 450 Fifth Street, N.W., Washington, D.C. 20549.

SUPPLEMENTARY INFORMATION: On September 29, 1995, the Commission

proposed two rules and amendments to a rule to improve the handling and

execution of customer orders.1 The Commission proposals were

intended to improve the opportunity of investors to obtain the best

execution possible for their orders. At the same time, the proposals

were designed to preserve the benefits of a competitive market

structure that has greatly enhanced market liquidity, transparency and

efficiency. The Commission requested that comments on the proposed

rulemaking be received by January 16, 1996.

\1\ Securities Exchange Act Release No. 36310 (September 29,

1995), 60 FR 52792 (October 10, 1995).

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Recently, Commission staff has received many requests from

interested persons for an extension of time within which to comment on

the proposed rulemaking. In addition, a major snowstorm altered the

schedules of many places of business in the northeastern portion of the

United States last week.

In light of the substantial nature of the proposed rulemaking, and

the Commission's desire to consider the views of all interested persons

on the subject, the Commission believes that an extension of the

comment period is appropriate. Therefore, the comment period for

responding to Securities Exchange Act Release No. 36310 is extended

from January 16, 1996, until January 26, 1996.

By the Commission.

Dated: January 16, 1996.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96-735 Filed 1-17-96; 3:35 pm]

BILLING CODE 8010-01-P